The Invisible Hands: Top Hedge Fund Traders on Bubbles, Crashes, and Real Money, Revised and Updated

In light of the colossal losses and amidst the resulting confusion that still lingers, it is time to rethink money management in the broadest of terms. Drastic changes need to be made, and managers who actually made money during 2008 make for a logical starting place. The Invisible Hands provides investors and traders with the latest thinking from some of the best and the most successful players in money management, highlighting the specific risk and return objectives of each, and discussing the evolution of certain styles and beliefs in money management.

The End of Alchemy: Money, Banking and the Future of the Global Economy

The past 20 years saw unprecedented growth and stability followed by the worst financial crisis the industrialised world has ever witnessed. In the space of little more than a year, what had been seen as the age of wisdom was viewed as the age of foolishness. Almost overnight, belief turned into incredulity. Most accounts of the recent crisis focus on the symptoms and not the underlying causes of what went wrong.

N. Dwyer says:"Whether you agree with the author or not it's an excellent book"

Hedge Fund Market Wizards

This audiobook provides fascinating insights into the hedge fund traders who consistently outperform the markets, in their own words. From best-selling author, investment expert, and Wall Street theoretician Jack Schwager comes a behind-the-scenes look at the world of hedge funds, from 15 traders who've consistently beaten the markets. Exploring what makes a great trader a great trader, Hedge Fund Market Wizards breaks new ground, giving readers rare insight into the trading philosophy and successful methods employed by some of the most profitable individuals in the hedge fund business.

The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis

Penguin presents the unabridged downloadable audiobook of The Road to Ruin, written and read by James Rickards. The global economy has made what seems like an incredible comeback after the financial crisis of 2008. Yet this comeback is artificial. Central banks have propped up markets by keeping interest rates low and the supply of money free-flowing. They won't bail us out again next time. And there will be a next time...soon.

The New Market Wizards: Conversations with America's Top Traders

Some traders distinguish themselves from the herd. These supertraders make millions of dollars - sometimes in hours - and consistently outperform their peers. As he did in his acclaimed national best seller, Market Wizards, Jack Schwager interviews a host of these supertraders, spectacular winners whose success occurs across a spectrum of financial markets. These traders use different methods, but they all share an edge. How do they do it? What separates them from the others? What can they teach the average trader or investor?

Superforcasting: The Art and Science of Prediction

Everyone would benefit from seeing further into the future, whether buying stocks, crafting policy, launching a new product, or simply planning the week's meals. Unfortunately, people tend to be terrible forecasters. As Wharton professor Philip Tetlock showed in a landmark 2005 study, even experts' predictions are only slightly better than chance. However, an important and underreported conclusion of that study was that some experts do have real foresight.

Civilization: The West and the Rest

If in the year 1411 you had been able to circumnavigate the globe, you would have been most impressed by the dazzling civilizations of the Orient. The Forbidden City was under construction in Ming Beijing; in the Near East, the Ottomans were closing in on Constantinople. By contrast, England would have struck you as a miserable backwater ravaged by plague, bad sanitation and incessant war. The other quarrelsome kingdoms of Western Europe - Aragon, Castile, France, Portugal and Scotland - would have seemed little better.

What separates the world's top traders from the vast majority of unsuccessful investors? Jack Schwager sets out to answer this question in his interviews with superstar money-makers including Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michel Steinhardt, Ed Seykota, Marty Schwartz, Tom Baldwin, and more in Market Wizards: Interviews with Top Traders.

The Fundamentals of Hedge Fund Management, 2nd Edition

The hedge fund industry has gone through dramatic changes in recent years. Investors of all types continue to want to place their assets into these investment vehicles even in the wake of the credit crisis, massive frauds, and insider trading scandals. Once the forbidden fruit of Wall Street, hedge funds are now considered "must have" investments in any diversified portfolio. Now in its second edition, The Fundamentals of Hedge Fund Management is revised and updated to address how the credit crisis, legislation, fraud, technology, investor demand, global markets, and the economic landscape have affected the industry.

Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game

Trading is a battle between you and the market. And while you might not be a financial professional, that doesn't mean you can't win this battle. Through interviews with twelve ordinary individuals who have worked hard to transform themselves into extraordinary traders, Millionaire Traders reveals how you can beat Wall Street at its own game. Filled with in-depth insights and practical advice, this book introduces you to a dozen successful traders - some who focus on equities, others who deal in futures or foreign exchange - and examines the paths they've taken to capture considerable profits.

One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley Trading)

A proprietary trading firm consists of a group of professionals who trade the capital of the firm. Their income and livelihood is generated solely from their ability to take profits consistently out of the markets. The world of prop trading is mentally and emotionally challenging, but offers substantial rewards to the select few who can master this craft called trading.

Trend Following (Updated Edition): Learn to Make Millions in up or down Markets

Michael Covel is the author of five books, including the international best seller, Trend Following and his investigative narrative, The Complete TurtleTrader. Fascinated by traders that quietly generate spectacular returns, those going against the grain of investment orthodoxy, he has uncovered astonishing insights about how they think, strategize, and execute their systems.

A Hedge Fund Tale of Reach and Grasp: What's a Heaven For

A Hedge Fund Tale of Reach and Grasp recounts the ecstasy and the agony of investors in the hubris-filled years of the great secular bull market and the terrors of the financial collapse. It is a story of personal and investment triumph and tragedy in the tradition of An American Tragedy and Bonfire of the Vanities. Though the tale is fiction, it is faithful to the actual market events of the decade of hedge fund madness and the ensuing destruction in the great bear market of 2007-2009 and its aftermath.

Dark Pools: The Rise of A.I. Trading Machines and the Looming Threat to Wall Street

Dark Pools is the pacy, revealing, and profoundly chilling tale of how global markets have been hijacked by trading robots - many so self-directed that humans can't predict what they'll do next. It's the story of the blisteringly intelligent computer programmers behind the rise of these 'bots'. And it's a timely warning that as artificial intelligence gradually takes over, we could be on the verge of global meltdown.

Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude

Maximizing the trader's state of mind is the key to successful results. Conflicts, contradictions, and paradoxes in thinking can spell disaster for even a highly motivated, astute and well-grounded trader. Mark Douglas, an industry consultant since 1982, sends the message that a "thinking strategy" will profoundly influence a trader's success rate. Douglas addresses five very specific issues to give traders the insight and understanding about themselves that will make them consistent winners in the market.

Elon Musk

South African-born Elon Musk is the renowned entrepreneur and innovator behind PayPal, SpaceX, Tesla, and SolarCity. Musk wants to save our planet; he wants to send citizens into space, to form a colony on Mars; he wants to make money while doing these things; and he wants us all to know about it. He is the real-life inspiration for the Iron Man series of films starring Robert Downey, Jr. The personal tale of Musk's life comes with all the trappings one associates with a great, drama-filled story.

Investment Biker: Around the World with Jim Rogers

Legendary investor Jim Rogers gives us his view of the world on a 22-month, 52-country motorcycle odyssey in his best-selling business/adventure book, Investment Biker, which has already sold more than 200,000 copies.

Before you invest another dollar anywhere in the world (including the United States), read this book by the man Time magazine calls "the Indiana Jones of finance". Jim Rogers became a Wall Street legend when he co-founded the Quantum Fund. Investment Biker is the fascinating story of Rogers's global motorcycle journey/investing trip.

TraderMind: Get a Mindful Edge in the Markets

Become a savvy trader with a 'mindful' edge.... TraderMind is an essential resource for understanding and applying mindfulness-based approaches that help to enhance an individual trader's overall performance. Based upon extensive research and practical application in the real world of the trading floor, TraderMind includes methods, tactics and techniques to build and enhance awareness and insight, which help manage thoughts and emotions and maximize trading performance.

Publisher's Summary

This revised and updated edition of Inside the House of Money lifts the veil on the typically opaque world of hedge funds, offering a rare glimpse at how today's highest-paid money managers approach their craft. Now with new commentary, author Steve Drobny takes you even further into the hedge fund industry. He demystifies how these star traders make billions for their well-heeled investors, revealing their theories, strategies, and approaches to markets.

While some still maintain that rationality permeates financial markets, Drobny captures a different dimension, showing how the unquantifiable human forces of emotion and intuition are also at play. Along the way, listeners get an inside look at firsthand trading experiences through some of the major world financial crises of the last few decades, including tragedies such as September 11th. Whether its Russian bonds, Pakistani stocks, Southeast Asian currencies, or stakes in African brewing companies, no market or instrument is out of bounds for these elite global macro hedge fund managers.

Highly accessible and filled with in-depth expert opinion, Inside the House of Money is a must-listen for financial professionals and anyone else interested in understanding how greed, fear, and the human forces of emotion drive world markets.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.

Would you listen to Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets again? Why?

I intend to listen to this again in a year or so when I have more experience of bonds and options. As a DIY investor with a portfolio of the UK and USA equities only, most of this book was irrelevant to me and went over my head. It did inspire me to look at world markets and if I decide to invest in a Hedge Fund I will be more aware of what to look for. Oh and I will start reading the Economist.

How would you have changed the story to make it more enjoyable?

This book was written before the World Financial Crisis of 2008 and a lot of it referes to pre 2001 dot com bubble (though there is an additional chapter at the end that is more recent). I would like to have heard more since 2008.

What three words best describe James Langton’s performance?

This book consists of interviews with various hedge fund managers and Langton puts on a different voice for each I one. I have no idea how accurate he was but it brought the book to life for me.

If you made a film of this book, what would be the tag line be?

I bet you can't sit through this film until the end without falling asleep

Any additional comments?

It's a long listen and as a small DIY trader you won't learn much listening to hedge fund managers with billions of dollars under management, but if you are interested in the general landscape of investing and want to broaden you knowledge it might be worth a listen.

What did you love best about Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets?

Actual Ideas from successful Traders/Investors and even somewhat recent time periods

What was one of the most memorable moments of Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets?

The general depth of the traders/investors mindset and lots of decent ideas

Which character – as performed by James Langton – was your favorite?

BAHAHAHAHAAHA Chapter 15 voice over Heckle and Jeckle AHAHAHAHA =]

Was this a book you wanted to listen to all in one sitting?

Yeah but too long for that

Any additional comments?

I really enjoyed Market wizards by Jack Schwager with the in depth interviews and this book to me was very similar in structure.. and in even more of a recent time frame.. With over 470 books in my audio library and 95% of those in finance .. this one definitely ranks among the top tier that I will certainly listen to multiple times... Very well done!!!

4 of 4 people found this review helpful

Mike

Lander, WY, United States

03/11/12

Overall

Performance

Story

"Good insight into the mind of a successful trader."

What did you love best about Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets?

I you personally guide any of your investments, this book is worth reading. There are no direct investment ideas, but it gives great insight into the mental mind-set of those who win in the market. I found it humbling and it has already saved me money by changing my mindset on when to cut bait and when to keep fishing.

2 of 2 people found this review helpful

Cora Keegan

Vancouver, BC, Canada

16/08/15

Overall

Performance

Story

"Major Snore Fest"

What could have made this a 4 or 5-star listening experience for you?

Just not very interesting. If you corner a banker and ask him to talk to you for 4 hours about bonds you pretty much have the effect of listening to this book.

What was most disappointing about Steven Drobny and Niall Ferguson ’s story?

This was nothing more than a way for an advisory firm to tell hedge funds they were experts in the business of advising hedge funds and to sell more advising.

What reaction did this book spark in you? Anger, sadness, disappointment?

So boring I wanted to hit my head on something

3 of 4 people found this review helpful

peter

Houten, Netherlands

05/11/12

Overall

Performance

Story

"No nonsense in depth, knowledgable interviews"

Quiet some good interviews with numerous hedge fund managers about the fascinating world of global macro investing, or in other words:How smart people profit from the insane dictates of our rulers, who create distortions in the markets that have to return to equilibrium.I had some small problems about some people's hope on regulation to fix the risk appetite problems. Unfortunately benefit is expected to have some people rule with implicit threats of violence over other people. It seems unlikely to me that people in the government, dabbling with the involuntary obtained money of their serfs, are reliably constraining the risk taking of hedge fund managers. Instead through their central banks put a back stop in the losses of hedge funds, aggravating the risk appetite.Other than that an interesting read if you are into this subject.

1 of 1 people found this review helpful

jose

23/10/14

Overall

Performance

Story

"Great and important book"

Great book because the subjects talk freely. Some people go to work and produce something. Farming, manufacturing, mining, healing, teaching, recycling, fishing, cooking, etc. These guys go to work to skim at any and all opportunities and inefficiencies that global finance can provide. Listen and learn how people formally useful only as pimps, thieves, con artists, smugglers, pirates, slave traders, filibusters, bootleggers now find employment in finance!

2 of 3 people found this review helpful

dan resnic

20/03/16

Overall

Performance

Story

"amazing once you get used to the narrator's voice."

amazing once you get used to the narrator's voice. very different stories but at the end they come together to teach a lesson

0 of 0 people found this review helpful

Pablo

02/11/15

Overall

Performance

Story

"Good accounts"

I read this after reading Invisible Hands, also by Drobny. This time the interbiews were signed, which was a good thing. You learn a lot through these accounts. I think listening to these interviews is the best way to approach this area of expertise.

Again, though, what's with the different accents?

0 of 0 people found this review helpful

Carl Forrest

01/07/15

Overall

Performance

Story

"Great primer on global macro"

Really great listen. On par with market wizards (which it obv is influenced by). Thanks!

0 of 0 people found this review helpful

jsw

Texas

31/03/15

Overall

Performance

Story

"Great interviews with global macro traders"

Not my favorite accent by the narrator, but great book. Big names in global macro. Cool to see their opinions then to see what really happened.

0 of 0 people found this review helpful

Jason

Toronto, Ontario, Canada

27/07/13

Overall

Performance

Story

"Not a Market Wzards, but is still informative"

Where does Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets rank among all the audiobooks you’ve listened to so far?

I would say the middle. I wasn't too impressed with the book, especially after hearing Market Wizards. The storyline occurs in the 90s to mid 2000s and misses the financial crash entirely. You can see the prescience of some of the investors. This book was not as mind blowing as the others I've read but it's not useless or a waste of time either.

Did James Langton do a good job differentiating all the characters? How?

He gets better towards the end but the first part is a bore. I sped up the book 1.25-1.50x as his slow British accent was putting me to sleep. You get more vocal variety towards the middle-end where it starts sounding good.

0 of 0 people found this review helpful

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